Respuesta :

Naseeem88

Answer:

$7400

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 4%/100 = 0.04 per year,

then, solving our equation

I = 5000 × 0.04 × 12 = 2400

I = $ 2,400.00

The simple interest accumulated

on a principal of $ 5,000.00

at a rate of 4% per year

for 12 years is $ 2,400.00.

The total amount due on a simple-interest loan if the principal is $5,000 with a rate of 4% for 12 years is $2400 and this can be determined by using the simple interest formula.

Given :

The total amount due on a simple-interest loan if the principal is $5,000 with a rate of 4% for 12 years.

The total amount due on a simple interest loan can be determined by using the simple interest formula which is given by the equation:

[tex]\rm I = PRT[/tex]

Given that time, T = 12 years

Rate, R = 4% = 0.04

Principal amount, P = $5000

Now, put the value of P, R, and T in the equation (1).

[tex]\rm I = 5000\times 0.04 \times 12[/tex]

I = $2400

The total amount due on a simple-interest loan if the principal is $5,000 with a rate of 4% for 12 years is $2400.

For more information, refer to the link given below:

https://brainly.com/question/13381098

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